Daily Digest

Image by lovingyourwork.com, Flickr Creative Commons

Daily Digest 4/14 - WWIII Will Be Economic, The Supersized Future Of Energy Storage

Saturday, April 14, 2018, 10:12 AM

Economy

World War III Will Be An Economic War (thc0655)

The excitement and dread surrounding potential nuclear warfare distracts from the much more legitimate threat of a staged financial war between East and West (as well as regional wars by proxy in Syria and North Korea which could bog the US down in a mire). It is important to remember that all wars are invariably banker wars — that is to say, almost all wars benefit international financiers by creating an environment ripe for centralization of wealth and political power. This notion tends to confuse some analysts and activists in the liberty movement.

Chinese police use facial recognition tech to identify suspect from crowd of 50,000 (Adam)

With 170 million CCTV cameras already in use, China continues to work on "the world's biggest camera surveillance network." It’s expected that millions more will be added over the next few years, many of which will feature forms of AI that include facial recognition. A worrying prospect for a country with such a poor record when it comes to privacy and human rights.

How I Own My Gold (Axel M.)

There appears to be an eternal back and forth between those that “love” and those that “hate” gold; that discussion, in my humble opinion, misses the point. It is striking how this shiny metal raises emotions by both friends and foes. Maybe it is because gold is so simple, so pure, the fact that there are fairly few industrial uses for it, that emotions take over in discussing gold’s merits.

Without Slavery, Would The U.S. Be The Leading Economic Power? (jdargis)

“Slavery continues to have an impact on America in the most basic economic sense,” Baptist told Here & Now’s Jeremy Hobson. “We don’t want to hear that at its root, the economic growth depends to a large extent on slavery.”

Outside Disneyland, a Reminder for Governments to Be Careful What They Wish for (tmn)

But some have been critical of the city in its dealings with Disney. Those investments, they say, would have been made by the company anyway. For years, Anaheim’s politicians largely ignored these objections. Instead, they accepted Disney’s arguments that such deals were model public-private partnerships. But that attitude has begun to change. Disney “keeps talking about how it’s the economic engine of the city and how we need to keep investing because we get so much in return,” says Jose Moreno, a California State University, Long Beach professor who was elected to the Anaheim City Council in 2016. “But for every engine, there is exhaust, and there are parts of the city having to breathe that exhaust: the working poor.”

The Supersized Future Of Energy Storage (Michael S.)

The idea is certainly great. Tesla’s battery can power several tens of thousands of households. This one—if built—would power three times that, reducing this part of California’s dependence on natural gas power plants. These are now used after sunset for lack of enough solar energy storage installations. But the key is to find a buyer for the energy that will be produced by the solar farm—and this client needs to be large enough to justify the investment.

Cities around the world should prepare for running out of water, experts say (Adam)

Inequality in access to water is also quickly becoming a problem. While the affluent can find ways to get access to water— through deliveries or in-built tanks — poorer populations are left to their own devices.

That situation oftentimes leads to water theft — for profit, for survival, or for both.

Death by Plastic: 64 Pounds of Trash in Whale's Digestive System (tmn)

Experts at Murcia's El Valle Wildlife Recovery Center, which carried out the necropsy, said the whale was unable to expel or digest the trash, causing it to die from peritonitis, or an infection of the abdomen.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/12/18

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

4 Comments

pat the rat's picture
pat the rat
Status: Silver Member (Offline)
Joined: Nov 1 2011
Posts: 116
water

With lake Erie on one side of me and lake Ontario on the other side I don't worry about running out of water, paying for it another question? With a good filter and all copper pipes, and still it has some sand and rust in it! 

LesPhelps's picture
LesPhelps
Status: Platinum Member (Offline)
Joined: Apr 30 2009
Posts: 788
I found another "Keeper Quote" this morning.

"Things that can't go on forever, don't."

- Herbert Stein

LesPhelps's picture
LesPhelps
Status: Platinum Member (Offline)
Joined: Apr 30 2009
Posts: 788
Here's another one.

"There are no passengers on spaceship Earth, we are all crew."

- Marshall McLuhan

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4149
Los Angeles Schools Facing $15 Billion Debt for Retiree Health C

Los Angeles Schools Facing $15 Billion Debt for Retiree Health Care

Reason (blog)-9 minutes ago
The district's so-called OPEB liability—that's actuarial jargon for "other post-employment benefits," which includes the cost of medical, dental, and other health care benefits that fall outside the traditional pension system—has climbed from $13.5 billion in 2015 to $14.9 billion in 2017, according to the report, a copy of which ...

South Korea Debt-to-GDP Ratios Surpass Tipping Point

Financial Tribune-17 hours ago
The company suggested a $2.7 billion debt-for-equity swap and $2.8 billion in investment over the next 10 years in return for financial aid through the KDB. GM also claimed that GM Korea may file for court receivership on Friday this week if it fails to reach an agreement with the labor union. The US automobile giant said ...

 

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments